Low Income Apartments and Affordable Housing For Rent in Elba, NE

Discover affordable housing in Elba where there are 1+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Centennial Manor

719 14th St, Elba, Nebraska 68835

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Elba, Nebraska
$16.52/hour
$4.52 (+38%) more than Nebraska minimum wage and $9.27 (+128%) more than the Federal minimum wage.
Learn More About Elba, Nebraska Affordable Housing ↓

How many renters live in Elba, Nebraska?

The City of Elba has 218 people living in 123 households.

There are 62 renters living in 45 renter households in this City. Renters make up 28.44 percent of the population living in Elba.

What is the rental market like in Elba, Nebraska?

There are an estimated 150 housing units in the Elba area. Of these, 45 units are rental homes, making up 30 percent of the housing market. For every renter household in Elba, Nebraska, there are 1 rental units.

What is the vacancy rate for rentals in Elba?

The rental vacancy rate in Elba is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Elba for each bedroom size?

Occupied Rental Units by Size in Elba
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 4 28 9 4
Occupied Rental Units by Size in Elba

A large number of apartments in Elba have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Elba are overburdened by housing costs?

Among renter households in this market, 53 percent have housing cost burden. Further, 9 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Elba

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $609 to $1,161. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $609
One BR $664
Two BR $872
Three BR $1,054
Four BR $1,161
2024 Fair Market Rents in Elba, Nebraska

How many units are rented at Fair Market Rent (FMR) in Elba?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
One BR 4 100 percent
Two BR 19 68 percent
Rental Units Below FMR in Elba, Nebraska

How many affordable rental units are in Elba?

There are a variety of federal affordable housing programs serving households in Elba, Nebraska including the following:

Federal Program Unit Count
USDA Section 515 Rural Rental Housing 4
Tracked Units by Federal Program in Elba, Nebraska

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Elba, Nebraska

Elba features 4 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Elba, Nebraska

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Elba.

Housing Choice Vouchers in Elba, Nebraska

On average, Section 8 Housing Choice vouchers pay Elba landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Elba.

The maximum amount a voucher would pay on behalf of a low-income tenant in Elba, Nebraska for a two-bedroom apartment is between $785 and $959.

Sourced from federal housing data and AffordableHousingOnline.com research.